توجه: محتویات این صفحه به صورت خودکار پردازش شده و مقاله‌های نویسندگانی با تشابه اسمی، همگی در بخش یکسان نمایش داده می‌شوند.
۱An Organizational Value Chain Model of Cost Control and Corporate Governance
اطلاعات انتشار: World Applied Sciences Journal، بيست و هشتم،شماره۵، ۲۰۱۳، سال
تعداد صفحات: ۱۳
Integrating agency theory and asymmetric information theory, this study conceptually developed an organizational value chain model of cost control and corporate governance in order to reflect the sheer importance that corporate governance can effectively influence costs. In the proposed organizational value chain model, however, the relationship between cost control and corporate governance was conceptualized.In fact, the model discusses why it is important to uphold the shareholders'' interests and minimize the destructive events that usually occur in corporate cultures. This study argues that corporate governance must help retain the best interests of all the internal and external stakeholders and safeguard organizational resources from misuse, abuse or practice of self–interests of the managers.It also argues that since protecting an organization’s interest requires protecting the interests of all stakeholders, cost control by that organization should be well guided by the corporate governance principles in ways thatprovide strongest safeguard of interests of all those stakeholders. Thus, a sound corporate governance policy requires adopting such standards and mechanisms that would maximize stakeholders’ financial and non–financial interests. This study concludes that cost control and corporate governance must operate in intellectual ways in order to improve efficiencies and foster capabilities of the organization and to protect simultaneously the interests of all stakeholders.
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